Rabiu M. Hamza
Prof. Aliyu Dahiru Muhammad of the Department of Economics at Bayero University, Kano, has urged Zakat and Waqf operators in Nigeria to implement extensive education and socialization programs to enhance public understanding of Waqf’s potential and mechanisms.…
Prof. Aliyu made the call on Sunday in Zaria during a lecture organized by the Fortune Charitable Foundation in collaboration with the Muslim Students Society of Ahmadu Bello University, Zaria.
The university don presented a paper titled “The Impact of Islamic Social Finance and the Role of Islamic Organizations in the Socio-economic Development of the Ummah: Best Practices from Indonesia.”
He emphasized that social welfare organizations must develop competency in financial matters, training programs, certification, and robust Waqf governance frameworks to improve management quality.
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Furthermore, Prof. Aliyu advised Nigerian Waqf operators to “create innovative business models, provide access to expertise, develop Sharia-compliant investment instruments, and map idle assets for productive use.”
Highlighting the importance of collaboration among stakeholders, Prof. Aliyu stressed that “all leading Islamic organizations must prioritize economics, finance, and the welfare of their members.”
He added: “Improve coordination among Islamic financial institutions, Islamic organizations, AZAWON, Nazhir, and other relevant institutions to establish an effective Waqf ecosystem.”
“Islamic economics and finance have enormous potential to address the challenges facing the Muslim Ummah. To optimize the benefits of Islamic social finance, Islamic organizations and their leadership must enhance their competency in various fields of management and finance,” Prof. Aliyu concluded.
Agency News
Abubakar Siddiq Ibn Usman
